Money Secrets Of The Amish by Lorilee Craker – Personal Finance Book Review – Thrift Shopping

Challenging economic times universally inspire people to make wise financial decisions. One culture that has always lived a stark but meaningful existence is the Amish. Increasingly, people are inspired by their lifestyle; and look for ways to simplify their own lives.

Lorilee Craker is the author of the new book, “Money Secrets Of The Amish-Finding True Abundance in Simplicity, Sharing and Saving.” She examines her practices, extravagant in peace, family and community closeness. For them, thrift is a muscle that is exercised regularly.

Craker interviewed Amish people in Indiana, Michigan and Pennsylvania, including an Amish banker whose clientele is 95 percent Amish. During the Great Recession of 2008, his bank had the best year in its history. Financial perspectives from Amish experts and Englishmen (Amish reference to anyone who is not Amish) also punctuate the book. Here, the habit of saving money from second-hand purchases is highlighted.

Buying second-hand items is a key Amish money-saving secret. Thrift stores are an excellent source for many items, including clothing, furniture, bedding, and games. Craker quotes an Amish woman as saying, “You don’t have to buy something new to buy something good.” Here are some tips to complement your resale shopping experience:

Tips for buying used clothes

• rethink it. Reject the belief that used clothing is gross because other people have worn it. Buy clothes in a luxury store. Chances are good, even there, that others have tried it at some point.
• mix and match. Pair something new with something gently used from a thrift store. Leave your findings to chance vs. a specific search.
• try things on. Lots of thrift stores have nice, clean dressing rooms, so there’s no reason to be in shape.
• Don’t buy clothes you won’t wear. It’s not a bargain if you don’t get use out of your purchase.
• Don’t limit yourself to favorite brands. It’s great to find old favorites, but once you develop your thrifty eye, you’ll appreciate pieces from unknown brands.
• think about accessories. Many accessories are available at thrift stores, including jewelry, belts, and handbags.
• Find out what’s hot. Google trends before visiting resale stores.
• Institute a one in, one out policy. Every time you buy something new, throw away something old. Give it away or make a donation to an organization.
• Define your upper limit. What is your turning point? It’s the amount that forces the questions, “Is it worth it?” “Can I really use it?” and “Can I live without it?”

Tips for buying furniture and home decoration

• Educate yourself with a great flea market magazine. Studying such magazines will give you a new perspective on home decorating possibilities through thrift stores.
• think trash. Mix serious antiques with “junque”. Rethink how and where you are going to decorate and furnish your home. The vintage style adds instant heritage to any home. Antique objects promote the expression of individuality and creativity on a limited budget.
• Buy only what you love. Home décor and furnishings are resold at an average of one-tenth of the original cost. Ask yourself: “Do I love this or do I just like it?” “True love stands the test of time,” Craker says.
• Buy only what you need. Sure, buy smaller items for future anniversary, birthday, and baby shower/bridal shower gifts. However, there’s no point in buying something you don’t need but just like when it’s a larger item.
• Buyer beware. Here are five guidelines when buying used furniture:
• Buy solid hardwoods like maple or oak that last. Some furniture only lasts for one owner.
• Look for quality construction. Check under the seats for bolts vs. glue etc
• Evaluate the smells of the furniture. The bad smells in the upholstery will never end; pass the purchase Wooden cabinets, dressers and drawers placed in the afternoon sun will open the pores of your wood and release odors.
• Open drawers, sit on chairs, lean on tables. Listen for creaking, groaning, or wobbling.
• Consider the original usage sometimes. It’s okay to fill an antique china dresser with towels, sheets, books, etc., but not electronics. Inadequate ventilation can generate heat and become a fire hazard.

garage sales. “Garage sales are a complete hit or miss,” says Craker. Here are some tips to improve your shopping experience:

• Arrives early. The first AVE takes the worm and the best selection.
• To be late. Come later in the day and be prepared to haggle with the vendor. Try to bundle two or three items together and quote the seller a discounted price. They can take the opportunity of a sale in exchange for downloading the items.
• look deeply. Scan all the offers and you may find some hidden gems.

You may have hated using resale stores in the past. We hope the money-saving tips above have inspired you to at least visit a local store. You may be pleasantly surprised.